Page "Economy of Armenia" Paragraph 34

After a decade of double-digit growth, Armenia's economy declined by 14. 4 percent in 2009.

The year-to-date growth as of October 2010 was 2. 8 percent.

In 2010, the main macro deficiencies of the Armenian economy — namely, unsustainable growth drivers, a narrow and resource-dominated export base, and overdependence on private transfers — were still prevalent.